IDFC Bank’s promoter IDFC Financial Holding Company has acquired 67,43,829 equity shares of the bank through open market purchases during the period June 25, 2018 to June 27, 2018.
After this acquisition, the promoter’s stake in the bank has increased from 1,84,17,68,839 equity shares or 54.10% to 1,84,85,12,668 equity shares or 54.30%.
IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet and mobile.